Slight Increase in Second Real Estate Market in Baku

Business Materials 21 June 2008 13:03 (UTC +04:00)

Azerbaijan, Baku, 21 June / Trend corr. U.Ismayilova / In May, the average prices per one sq m increased by 1.1% and touched $1678 per sq m in the Baku secondary real estate market, the Public organization ' Participants of real estate market' reported.

About 6,500 apartments were proposed to the secondary real estate market, of which 21.9% were located in the Yasamal District, 19.4%- Nasimi District and 21.6% - Narimanov District in Baku.

In May, the most portions of proposed real estates made up three-room apartments -37% and two-room apartments -39.3% in the portfolio of the second real estate market in Baku.

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